A market strategist has laid out an aggressive bullish case for XRP, arguing the token’s chart structure and on-chain activity could precede a major breakout that might eventually rival Ethereum in market capitalization.
In a recent post on X, Celal Kucuker said XRP’s price action looks “exceptionally strong” and suggested a sustained rally could be underway. He urged followers to save the post and check back later, adding that time will reveal whether the scenario plays out.
XRP is currently trading below the long-standing $1.50 resistance, changing hands around $1.43 at the time of reporting. That price is down roughly 2.6% over 24 hours but up about 2.8% on the week. Market capitalization sits near $88.5 billion.
To reach $17 from about $1.43 would require an approximate 1,089% gain. At $17, XRP’s market cap would be roughly $1.05 trillion based on current circulating supply — a valuation that would place it well above Ethereum’s present market cap of roughly $267 billion.
On-chain data show large holders have been accumulating. Santiment reports wallets holding at least 10 million XRP now control about 45.83 billion tokens, valued at roughly $68.5 billion. That is the highest level of whale-held supply since May 2018 and represents more than 68% of circulating supply, signaling increased concentration among big holders.
Analysts and traders say concentrated holdings and steady accumulation by whales can amplify moves when momentum shifts, which could increase volatility on either side.
Attention is also turning to regulatory developments. The Senate Banking Committee’s May 14 markup of the CLARITY Act is viewed by some market participants as a potential catalyst: if the bill or related rulings strengthen XRP’s classification as a commodity, it could influence market sentiment and trading dynamics.
The outlook Kucuker describes is a high-conviction, high-upside scenario that depends on technical breakout, continued whale accumulation, and broader market and regulatory catalysts. As with any forecast, outcomes are uncertain and would require substantial shifts in price and capital inflows to reach the levels he outlined.